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This Rubens painting could be worth R8 million

June 25, 2018

This Rubens painting was smuggled out of Germany in the 1930s, then forgotten in Joburg’s northern suburbs. It could be worth R8 million

Business Insider | Phillip de Wet

An unsigned painting of an unknown man could fetch R8 million by way of a silent auction of sorts – after an extraordinary journey put it on display for potential buyers. “Portrait of a Gentleman”, most likely by Old Master Sir Peter Paul Rubens, is currently on public display at the Killarney Country Club in Johannesburg before next week moving to Cape Town. Anyone, says auctioneers Stephan Welz & Co, is welcome to look, though it will take deep pockets to buy it. The auction house has estimated the value of the piece at between R5 million and R8 million, but that is an admittedly rough estimate.

It is also not every day that you get invited over for coffee and find a painting estimated to be 420 years old, by a painter who is still a household name, hanging unregarded on the wall. In September 2017 a family interested in the potential prices of a couple of works asked Crossley around. Over coffee they explained that they had some letter, somewhere, that seemed to indicate the painting they knew as “the funny old man” could have been by Rubens. Crossley’s heart sank. The worst part of the job, he says, is to tell people their supposed treasure is fake, sold to them by one of the many people who deal in fake Old Masters. Then the family told him they had owned it since the 1930s – and he realised that, for once, the treasure may be real…read more